Successive discounts of 10% and 15% on the marked price are equal to a single discount of:
Q1. Successive discounts of 10% and 15% on the marked price are equal to a single discount of:
Answer: 23.5%
Explanation: After both discounts the buyer pays 90% then 85% of the marked price, which is 76.5%. The single equivalent discount is 100 minus 76.5, giving 23.5%.